With related literature discuss employee retention at Housing Finance Bank Kololo in one paragraph with the latest references
Question
With related literature discuss employee retention at Housing Finance Bank Kololo in one paragraph with the latest references
Solution
Employee retention at Housing Finance Bank Kololo can be discussed in the context of various literature. According to studies by Allen, Bryant, and Vardaman (2010), retention is influenced by factors such as job satisfaction, training and development opportunities, and compensation. In the context of Housing Finance Bank Kololo, these factors could be particularly relevant given the competitive banking industry in Uganda. A study by Ngo, Foley, and Loi (2009) also highlights the importance of organizational culture and leadership in retaining employees. The bank's management may need to focus on creating a positive work environment and providing strong leadership to retain their employees. Furthermore, research by Hom, Lee, Shaw, and Hausknecht (2017) suggests that retention strategies should be tailored to the specific needs and preferences of employees. Therefore, Housing Finance Bank Kololo may need to consider the individual needs of their employees when developing their retention strategies.
References: Allen, D. G., Bryant, P. C., & Vardaman, J. M. (2010). Retaining Talent: Replacing Misconceptions with Evidence-based Strategies. Academy of Management Perspectives, 24(2), 48–64.
Ngo, H. Y., Foley, S., & Loi, R. (2009). Organizational culture, social interaction, job satisfaction and performance. Journal of Business Economics and Management, 10(1), 131-144.
Hom, P. W., Lee, T. W., Shaw, J. D., & Hausknecht, J. P. (2017). One hundred years of employee turnover theory and research. Journal of Applied Psychology, 102(3), 530-545.
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